New SMC Indicator! + Bitcoin Analysis🔥

What’s up traders,

Been a minute since our last post as things have been crazy on our end with 3 product launches in the works.

One of those is our NEW Smart Money Concepts indicator that we launched yesterday to our members.

Initial feedback has been amazing to see!

Here’s a member who was already using SMC to trade.

Our SMC indicator prints his exact same levels he charted, AUTOMATICALLY onto his chart for him…🤌 (chef’s kiss)

We won’t go into the details on this Substack, but if you want to get started with the new SMC indicator, we made a full setup video here:

Big Brain Bitcoin Breakdown

Moving onto our latest Bitcoin analysis.

We’ve mapped out a few scenarios on what our beloved crypto market might be doing in the coming days, weeks, and months.

Timeframe: 1HSupply: 28650-28890 (1st red zone), 29770-30040 (2nd red zone - strong supply)Demand: 27660-27960 (1st green zone - trading here currently), 26500-27000 (2nd green zone - strong demand)Cryptocurrency as a whole seems to be consolidating since mid-April.

We have been trading between ~26500 and ~31000 for the most part since this time.Bitcoin has pulled back into a high 27k and is now trading inside our demand zone of ~27660-27960.

Bears need to be cautious of the demand zones we are now approaching.

The risk to reward is currently on the upside.

There are a few trades we could target from here:✅ Bullish Scenario 1: you want to see price pull back into the strong demand zone ~26500-27000, buyers to emerge again, and possibly catch a retest for an upside move. This is the safer upside play.✅ Bullish Scenario 2: you want to see price trade above this ~27660-27960 zone, retest this zone and validate it as demand to catch a retest for an upside move, potentially into supply at ~28650-28890.✅ Bullish Scenario 3: you want to see price rally and break supply at ~28650-28890, pull back into it to turn it into demand and find strength again for a move into next supply at ~29770-30040.🟥 Bearish Scenario 1: you want to see price move up and approach supply again at ~28650-28890, sellers to regain control and possibly catch a retest of this supply zone into demand at ~27660-27960 again. This will be the safer downside play.🟥 Bearish Scenario 2: you want to see price break demand here at ~27660-27960, retest and turn this demand into supply, and find weakness again for a move into ~26500-27000 demand.🟥 Bearish Scenario 3: you want to see price break demand at ~26500-27000, retest and turn this zone into supply for a further downside move into ~25300.That's all we got for you in this breakdownSo what do you think? Are you bullish or bearish on BTC?Let us know!

Also, if you want access to our ENTIRE set of indicators and bots 100% FREE for 7-days you can start your free trial here:

We'll see you in the next one.-The AlgoBuddy Team